CIBC Private Wealth Group LLC Sells 119,082 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

CIBC Private Wealth Group LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,885,587 shares of the company’s stock after selling 119,082 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.22% of Mondelez International worth $168,201,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. United Bank boosted its stake in shares of Mondelez International by 12.7% in the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after purchasing an additional 2,549 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in Mondelez International by 61.4% during the 3rd quarter. CreativeOne Wealth LLC now owns 15,565 shares of the company’s stock valued at $1,147,000 after purchasing an additional 5,922 shares during the last quarter. Fiduciary Trust Co boosted its position in Mondelez International by 5.8% in the third quarter. Fiduciary Trust Co now owns 27,461 shares of the company’s stock valued at $2,023,000 after buying an additional 1,511 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Mondelez International by 32.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,068,477 shares of the company’s stock worth $226,055,000 after buying an additional 751,444 shares during the last quarter. Finally, Ironwood Investment Counsel LLC increased its holdings in shares of Mondelez International by 1.7% during the third quarter. Ironwood Investment Counsel LLC now owns 29,406 shares of the company’s stock worth $2,166,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler upped their price target on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Mizuho raised their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.50.

Mondelez International Trading Up 0.3 %

NASDAQ MDLZ opened at $67.72 on Friday. The company has a market cap of $87.60 billion, a PE ratio of 19.80, a PEG ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock has a 50 day moving average of $62.25 and a 200-day moving average of $64.81. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its board has approved a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is presently 54.97%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.